USA: McDonald's and Fazoli's finalise JV deal

US fastfood giant McDonald's and Fazoli's, a fast-casual Italian restaurant concept based in Lexington, Kentucky, have agreed to form a joint venture to develop 20 to 30 Fazoli's restaurants in three US markets. McDonald's will also have an option to purchase the entire company at a later date. The agreement finalises a deal originally outlined in a letter of intent signed by the two companies last April.

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